| Task Name : Simple Interest Analysis | Task Level : J (Year 9) | ||
| Semester : 1 | Topic : Operations with Fractions | VC Strand : Money and Financial Mathematics | |
| Web Address : http://maths.crusoecollege.vic.edu.au/mfmJ | |||
| Equipment Needed : A device with that can connect to the internet site, http://infochoice.com.au | |||
| Victorian Curriculum outcome : Solve problems involving simple interest | |||
| Task description : Students analyse five different savings accounts for the best value from the website http://infochoice.com.au, and create an advertisement that contains a table and graph for that bank. Students should analyse each account using the sum of $15,000 for the periods of 6 months, 18 months and 30 months. | |||
| Assessment options : Any drawn or digital representation of the advertisement. | |||
| Teacher notes : Make students aware of “introductory rates” and how they will need to make allowances for these when doing their analyses. | |||
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